Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Corvis Corporation (CORV) -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (1539)	5/29/2002 6:51:49 PM
From: Robert T. Quasius	Respond to of 2772

I think priority #1 with CORV management right now is riding out the downturn in telecom by conserving cash while continuing to develop the all optical technology and make strategic mergers. Buying back stock would give the stock a boost short term, but would also deplete cash and reduce the time which CORV could ride through the present downturn. I happen to agree with their strategy, though it pains me to take a loss on the stock. I'll be back in later when the stock seems truly to have bottomed, and when a rebound appears closer at hand than 1-2 years off.